Category: Daily Wrap

I think we can keep this pretty brief as the scenario I envision as most probable has been laid out...

September has been an interesting month with initial rotation to more defensive sectors the first week of the month. Just...

In the summary section of last night’s Daily Wrap I wrote, “Short term the market is oversold in both breadth...

Over the last 4 trading days I’ve mentioned the following several times. Market Update from Friday September 24th “The 10-year...

Futures were all positive overnight, but as the European session started, selling pressure in stocks began with NASDAQ notably underperforming...

Heading into the close, I’m going to let the charts of the last Market Update stand, since there’s little change...

Looking at the averages today you’d think that the Fed was dovish, but that’s the power of oversold markets and...

Between the deepest oversold condition (breadth oscillators) of the year, what looked like a short term seller’s capitulation event, easing...

Although the day was little changed, there was quite a bit of volatility from the overnight session, to the cash...

*This post is a bit longer than usual but I think there’s a lot to cover and wanted to touch...

This morning was another ugly open with each of the major averages down -0.8% in early trade, which has been...

The U.S. stock market had a good day, rebounding from recent losses after a stronger start than recent days, although...

The Consumer Price Index (CPI) came in slightly lower than consensus. This sent index futures jumping higher as slowing inflation...

The S&P 500 snapped a five-session losing streak on Monday with a 0.2% gain, although it closed well off session...

The S&P extended its losing stream to a rare 4 sessions, the longest losing streak since June. Relevant news included...

Yesterday afternoon it looked like we had a little more downside to go, “With 8 of 11 sectors lower and...

While it was a fairly weak day for stocks (and bonds and crypto), the NASDAQ did manage to eke out...

Today was another relatively quiet, uninspired day ahead of tomorrow’s Payrolls. This is exactly what I expected yesterday. “the day...

NASDAQ eked out a record high to start a September that has been surprisingly slow for stocks. New money flows...

The S&P ended August with  the seventh straight monthly advance — the longest winning streak since January 2018 which ended...